Flotation considered

Europe's largest mutual life insurer Standard Life has said it isconsidering a stock market flotation.

The Edinburgh-based society said it was carrying out a strategicreview in the light of fundamental changes in the industry looking atthe options for changing its structure, including demutualising.

It also announced plans to raise GBP750 million of debt and saidits chief executive, Iain Lumsden, was to retire and be replaced bythe current chief executive of Standard Life Investments, SandyCrombie.